Essar Group Debt
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Essar Group Says It Is Debt-Free After Repaying $25 Billion
Essar Group has become debt-free, having settled the remainder of its $25 billion debt after the sale of two ports and a power plant to ArcelorMittal Nippon Steel Ltd (AM/NS), the group said today.
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ICICI, Axis, StanChart Get Back $2.5 Billion Of Essar Loans
Within days of Essar Group signing a mega $12.9-billion asset sale in its oil business, three top lenders -- ICICI Bank, Axis Bank and StanChart -- have got back an estimated $2.5 billion as part of the first payment for their debt exposure to the Ruias-led conglomerate.
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Essar Said To Prepare $2.1 Billion Standard Chartered Repayment
Essar Global will also pay back about $300 million combined to Indian lenders ICICI Bank Ltd. and Axis Bank Ltd., according to the people, who asked not to be identified as the information is private.
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Why ICICI Bank Shares Surged 7.5% Today
Essar plans to use proceeds from the sale to offset some 50 per cent of the debt on its group companies after the deal is completed.
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Essar Secures Loan From Russia's VTB to Delist Shares: Report
India's Essar Group has secured a $330 million loan from Russian bank VTB to delist shares in its oil refining subsidiary Essar Oil two sources familiar with the matter told Reuters.
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Truth vs Hype: Are Mistakes That Led to India's Corporate Debt Bomb Set to be Repeated?
As the Narendra Modi government attempts to jumpstart the economy, attention is turning to a less discussed aspect of the financial system that is threatening a revival: high amounts of debt.
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Essar Oil Looks to Dollarise Debt, Shares Gain
The company has been trying to dollarize its debt in order to de-risk its business from currency fluctuation and reduce the cost of its debt. Essar Oil has a global exploration capacity of about 7 lakh barrels per stream day (bpsd), due to which most of its revenues come in dollar. So, converting debt to dollar will reduce significant currency risk...
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Essar Steel plans to raise $2 billion by June to pare rupee debt
Essar Steel, part of the diversified Essar Group, hopes to raise $2 billion from overseas by the end of first quarter of the current financial year, to retire its rupee debt, a top company official said.
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Essar Steel to raise Rs 2,241 crore by selling 3 non-core assets
Essar Steel aims to raise a minimum of Rs 2,241 crore by selling three non-core assets for paring some of its $4 billion (around Rs 24,400 crore) debt and reducing the strain on its balance sheet.
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Essar Shipping to convert Rs 800 crore of debt into dollar loans
Essar Shipping has said that it is planning to convert around Rs 800 crore of total Rs 5,500 crore debt into dollar loans to bring down the interest burden.
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Essar Group Says It Is Debt-Free After Repaying $25 Billion
Essar Group has become debt-free, having settled the remainder of its $25 billion debt after the sale of two ports and a power plant to ArcelorMittal Nippon Steel Ltd (AM/NS), the group said today.
-
ICICI, Axis, StanChart Get Back $2.5 Billion Of Essar Loans
Within days of Essar Group signing a mega $12.9-billion asset sale in its oil business, three top lenders -- ICICI Bank, Axis Bank and StanChart -- have got back an estimated $2.5 billion as part of the first payment for their debt exposure to the Ruias-led conglomerate.
-
Essar Said To Prepare $2.1 Billion Standard Chartered Repayment
Essar Global will also pay back about $300 million combined to Indian lenders ICICI Bank Ltd. and Axis Bank Ltd., according to the people, who asked not to be identified as the information is private.
-
Why ICICI Bank Shares Surged 7.5% Today
Essar plans to use proceeds from the sale to offset some 50 per cent of the debt on its group companies after the deal is completed.
-
Essar Secures Loan From Russia's VTB to Delist Shares: Report
India's Essar Group has secured a $330 million loan from Russian bank VTB to delist shares in its oil refining subsidiary Essar Oil two sources familiar with the matter told Reuters.
-
Truth vs Hype: Are Mistakes That Led to India's Corporate Debt Bomb Set to be Repeated?
As the Narendra Modi government attempts to jumpstart the economy, attention is turning to a less discussed aspect of the financial system that is threatening a revival: high amounts of debt.
-
Essar Oil Looks to Dollarise Debt, Shares Gain
The company has been trying to dollarize its debt in order to de-risk its business from currency fluctuation and reduce the cost of its debt. Essar Oil has a global exploration capacity of about 7 lakh barrels per stream day (bpsd), due to which most of its revenues come in dollar. So, converting debt to dollar will reduce significant currency risk...
-
Essar Steel plans to raise $2 billion by June to pare rupee debt
Essar Steel, part of the diversified Essar Group, hopes to raise $2 billion from overseas by the end of first quarter of the current financial year, to retire its rupee debt, a top company official said.
-
Essar Steel to raise Rs 2,241 crore by selling 3 non-core assets
Essar Steel aims to raise a minimum of Rs 2,241 crore by selling three non-core assets for paring some of its $4 billion (around Rs 24,400 crore) debt and reducing the strain on its balance sheet.
-
Essar Shipping to convert Rs 800 crore of debt into dollar loans
Essar Shipping has said that it is planning to convert around Rs 800 crore of total Rs 5,500 crore debt into dollar loans to bring down the interest burden.
